Ensure you never miss an issue of the
real estate business bulletin
Adelaide the cheapest capital to rent

Adelaide the cheapest capital to rent

by Elyse Perrau 0 comments

Even in a booming property market there are still Australian suburbs with a median weekly rent under $200.

Statistics provided by CoreLogic RP Data for April show six Adelaide suburbs made the top 10 for most affordable to rent.

Rokeby in Hobart topped the list with an extremely low median weekly rent of $140, which was down from $243 in April 2014.

Also in Hobart, Primrose Sands recorded a median weekly rent of $190, down from $215 the previous year.

Smithfield Plains and Elizabeth Vale in Adelaide were next, with weekly median rents of $200.

This was up from $137 in April 2014 for Smithfield Plains and down $263 for Elizabeth Vale.

Davoren Park in Adelaide was not far behind, recording a median weekly rent of $201. This was down from $250 last year.

Lamb Island in Brisbane and Elizabeth Downs in Adelaide both posted weekly median rents of $210.

This was unchanged from April 2014 for Lamb Island, and was down from $250 for Elizabeth Downs.

Elizabeth South in Adelaide was next, recording a median weekly rent of $211, which was down from $250 last year.

Clarendon Vale in Hobart recorded a median weekly rent of $218, which was up marginally from $210.

Salisbury in Adelaide rounded out the top 10, recording a median weekly rent of $220, which was a drop from $280 in April last year.

[Related: Prestige suburbs record big rental price tags]

 

Adelaide the cheapest capital to rent
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?